According to forecasts of Dat Xanh Services, after a period of illiquidity, affordable housing real estate types; types of houses and mini apartments; industrial real estate; commercial real estate; “Green” real estate will lead the recovery in 2024.
Forecasting the overall real estate market in 2024, Dat Xanh Services believes that although supply still has many difficulties and recovery is uneven across segments, the market is overcoming the most difficult period. , began to record more positive movements in total supply when all types of real estate recorded improvements.
Affordable housing types; types of houses and mini apartments; industrial real estate; commercial real estate; ‘Green’ real estate will recover soon in 2024.
Green real estate is assessed to have a lot of potential in the near future.
Regarding selling price, Dat Xanh Services forecasts that the primary market is expected to go sideways, increasing slightly by about 3% – 5%; The secondary market is no longer in a deep decline, because the sales to cut losses are mainly due to customers needing to sell to pay off bank debt urgently. Market confidence is also improving, with clear signs from the second half of 2024.
Also according to Dat Xanh Services, real estate market opportunities in 2024 will belong to investors who have good and experienced human resources; good financial health; has a clean land fund, complete legality, and possesses modern management technology; prestige and respect for the law.
As for brokerage businesses, Dat Xanh Services believes that it is necessary to have a large force; have strong financial potential; product diversity & segments; digitize operations and sales activities; With a wide distribution network, there will be opportunities in 2024.
Dat Xanh Services said that the real estate market is currently in the final stage of the recession and has almost reached the bottom.
The market may gradually recover from the U-shaped bottom. The speed of recovery depends on both macro and micro factors, the most important of which is the improvement of market confidence. .
Based on this assessment, Dat Xanh Services offers 3 scenarios that the real estate market may fall into in 2024. The first is ideal (supply increases 30% – 40%, floating interest rate from 9% – 11%, selling price increases 10% – 20%, absorption rate reaches 40% – 50%).
Second is expectation (supply increases 20% – 30%, floating interest rate from 10% – 12%, selling price increases 3% – 5%, absorption rate reaches 30% – 35%).
Third or challenging (supply increases 10% – 20%, floating interest rates from 12% – 13%, selling prices go sideways, absorption rate reaches 20% – 25%).
From market analysis data as of December 31, 2023, Dat Xanh Services leans towards the expected scenario. Accordingly, the real estate market in 2024 will have new supply increasing by about 30%, selling prices will also increase slightly by 3 – 5%, and the overall absorption rate will reach 30% – 35%.
Not only Dat Xanh Services, from current reality, many experts and real estate businesses believe that it is difficult to predict when the market will recover, we can only give expectations that next year’s developments will be good. than last year.
Source: According to Kinhtemoitruong.vn (https://tapchitaichinh.vn/loai-hinh-bat-dong-san-nao-tien-phong-phuc-hoi-trong-nam-2024.html#:~:text=T% E1%BB%AB%20c%C3%A1c%20d%E1%BB%AF%20li%E1%BB%87u%20ph%C3%A2n,t%E1%BB%AB%2030%25%20%2D% 2035%25.)
